American businessman and Rich Dad Poor Dad author Robert Toru Kiyosaki has warned investors to exercise caution in the commodity market - particularly
silver - suggesting prices may be nearing a peak and could see a sharp pullback before resuming a longer-term uptrend. In a post shared on the microblogging platform X (formerly Twitter), Kiyosaki said silver appeared to be “peaking” and cautioned that a major correction could be on the horizon. “There will be a major pullback before it begins climbing again,” he wrote, adding that he plans to remain patient during any downturn. Kiyosaki said he continues to stand by his long-term strategy and is willing to buy silver up to USD 100 an ounce, but only when market conditions signal the right opportunity. “If and when silver crashes, I will be patient and wait till the silver market tells me what to do next,” he said in the post. Reflecting on his long association with the precious metal, Kiyosaki said he first began purchasing silver at around USD 1 an ounce in 1965 and became a firm believer in the asset when prices rose to USD 4– USD 5 an ounce around 1990, according to his post on X. However, the author warned that rising prices often tempt investors to sell aggressively, which could eventually hurt the market. “Millions of silver spectators are selling as prices go up. The sellers will crash the silver market,” Kiyosaki wrote. He also reiterated one of his oft-quoted investment principles, cautioning against excessive greed. Quoting what he described as “Rich Dad’s wisdom,” Kiyosaki said, "Pigs get fat… hogs get slaughtered." Kiyosaki further questioned the logic of exiting silver purely for cash, arguing that sellers ultimately receive payment in US dollars. “Besides, if you sell… you get paid in dollars. Silly,” he wrote. Looking ahead, Kiyosaki said he is considering trading his silver holdings for gold, ending his post with a question to followers - “SMART?” The comments come at a time when precious metals, particularly silver, have seen heightened interest amid global economic uncertainty, volatile currencies and a renewed focus on hard assets.
How precious metals fared today
Gold prices hovered near record highs on Tuesday, while silver surged to fresh lifetime peaks amid rising geopolitical tensions after the United States announced a 25 per cent tariff on trade with countries engaging in business with Iran.
At around 10 am, gold futures on the Multi Commodity Exchange (MCX) were trading 0.1 per cent higher, up Rs 84 at Rs 1,42,116 per 10 grams, remaining about Rs 400 below their all-time high of Rs 1,42,500.
Silver outperformed gold, climbing 0.7 per cent, or Rs 1,830, to trade at Rs 2,70,800, after touching a record intraday high of Rs 2,72,202 earlier in the session.
What commodity market experts said
“The market is very unclear right now because the key fundamental factors are all geopolitical concerns. Whether it is the US–Venezuela situation, Russia–Ukraine, or the US–Iran–Israel dynamics, all these factors are geopolitical,” analyst Anuj Gupta told ET Now Swadesh. “As a result, we are seeing safe-haven demand in gold.”
International market prices
In international markets, spot gold was trading flat at USD 4,595.38 per ounce, while spot silver rose 0.6 per cent to USD 85.67 per ounce.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
